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Oct 11, 2012
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the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you will never get that bargain. i believe there are some republicans who say you go -- if you lower the top tax rate, that you cannot produce any new revenue for government. i do not believe that. i say if we generate new revenue, then pay down the debt faster, by down the rate further. so i am not one who says he cannot generate any new revenue. there was a question a while ago about and ethanol subsidy that i have been trying to get rid of for years. we finally did. that is about $6 billion. some republicans said if you get rid of that -- it's price revenue neutral. get rid of a bad subsidy.
the bush era tax cuts do not do enough. we need to abolish tax cuts -- taxes entirely. barack obama said he did not want to raise taxes on the middle class because the middle class buys cars. so did the rich. the rich spend money, too. the rich are part of the crowd that invest money to create jobs. that is what we need to be doing in america -- cutting everybody's taxes as far as possible. >> we got you. congressman, would you ok $3 in spending cuts for every $1 and revenue? >> you...
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Oct 10, 2012
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it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current condition and i don't hear anybody talking about what's going to be done to alleviate those factors. going to give you a couple examples. one is the banks. the availability of money. two, is the confidence in wall street. so many got burned, very few people private investors, want to take chance on investing money. three oil, the war in iraq, restricted the flow out of one of the major producers when congress petitioned for that oil around the world which was increasing at a dramatic rate. finally, new industries, previously in all of the recoveries there were alw
it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current...
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Oct 8, 2012
10/12
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raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that without the debate quickly turning into talk about government death panels and health-care rationing? >> we need to make a commitment to be blunt public health care systems like medicare and medicaid that we are going -- public health care systems that we're going to take care of them. u.s.s my commitment as a senator. but in order to do that, the have to have a medicare and medicaid program that works for those individuals and is not just designed to pad the bottom lines of insurance companies. this is where linda mcmahon an
raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that...
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Oct 9, 2012
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>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you grow the economy, you take every last dime out of the economy. you let that money stay in and circulate and grow and create the jobs necessary and build that more secure future. you cannot continue to tax your way into prosperity. you can't spend your way into prosperity. small business is the solution if you get the government off the backs. you can't in fact, have more people hired, keep those that already have jobs and expand our economy. you don't do it by raising taxes during a recession. >> well, the fact is if you want to talk about job cre
>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you...
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Oct 11, 2012
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only in washington is not raising taxes on people considered a tax cut. what we are talking about here is not cutting taxes. we are talking about keeping taxes where they are and preventing tax increases. second point -- we, meaning the government, cannot afford this? whose money is this after all? is all the money that is made in america washington's money, governments money, or is it the people's money who earned it? i hear all this money about the death tax, the estate tax -- this is going to give a windfall to these people, this money going to this privileged people who built these businesses, made this money. it is their money. which is it? do we have a country built on equal natural rights where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, growth businesses, do well, and success, and, yes, pass it onto your kids? what on earth is wrong with that? that is the american dream. to my friends on my side of the aisle who simply do not like some of the spending in this bill, i do not like it either, so
only in washington is not raising taxes on people considered a tax cut. what we are talking about here is not cutting taxes. we are talking about keeping taxes where they are and preventing tax increases. second point -- we, meaning the government, cannot afford this? whose money is this after all? is all the money that is made in america washington's money, governments money, or is it the people's money who earned it? i hear all this money about the death tax, the estate tax -- this is going...
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Oct 9, 2012
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we were able to continue to cut our taxes, consumer sales tax on food as well as cut business taxes. we have been able to work with the legislature in a bipartisan manner to address many of the main concerns. with bipartisan support, we were able to pass the first shale drilling regulatory bill. we were able to pass: safety bills. we were able to address problems with substance abuse and west virginia. we took on our last big liability. it was $10 million. we have come a long way, but we have a long way to go. we have people out there suffering, still looking for jobs. we will need to continue to do what we can to help those. we will continue to improve our education system to make sure our children have world-class education. we need to continue to look at our infrastructure at all levels, broadband, highways, water could continue to make west virginia business families so we can attract jobs. i want to say to the voters, i will always. west virginia first. >> thank you, governor. mr. maloney? >> i am tired of hearing the same old excuses. it could have been a lot better. every time
we were able to continue to cut our taxes, consumer sales tax on food as well as cut business taxes. we have been able to work with the legislature in a bipartisan manner to address many of the main concerns. with bipartisan support, we were able to pass the first shale drilling regulatory bill. we were able to pass: safety bills. we were able to address problems with substance abuse and west virginia. we took on our last big liability. it was $10 million. we have come a long way, but we have a...
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Oct 11, 2012
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if reported federal taxes and state and local taxes. that year, i happen to bail out of state and local taxes which are deducted from the other. i looked at the other day and we have paid 42% of our gross income in taxes. mr. mondale the other night took -- i will be honest, i thought it was a cheap shot at me. we did little looking around to see about his. we can not find his 1981 tax return. it might have been released. but we did find test beds his income for those three years is $1,400,000. i think he paid about the same percentage i did in total taxes. he also made a reference that troubled me very much. he was talking about my chauffeur. i am driven to work by the secret service. so is mrs. ferraro. so is mrs. -- so is mr. mondale. they protected his life for four years and now they have done a beautiful job for barbara and i and they saved the life of the president of the night of states. i thought that was a cheap shot to try to divide class, rich and poor. it is and whether mrs. ferraro is doing well. i think they are doing pre
if reported federal taxes and state and local taxes. that year, i happen to bail out of state and local taxes which are deducted from the other. i looked at the other day and we have paid 42% of our gross income in taxes. mr. mondale the other night took -- i will be honest, i thought it was a cheap shot at me. we did little looking around to see about his. we can not find his 1981 tax return. it might have been released. but we did find test beds his income for those three years is $1,400,000....
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Oct 9, 2012
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according to the tax policy center, last year, the bush tax cut increased after-tax incomes for people making over $1 million by an average of 6.2%. that is about 120 to die now -- about $129,000 per household. the increase was only 2.2% for those earning $50,000. over time, our tax code has widened the nation's wealth gap. reversing this trend should be a top goal of tax reform. at a minimum, we certainly should not make the tax code and a less progressive than it would be if the high income tax cuts expired. in 1986 -- a 1986-style approach that promises up from rate cuts to the wealthy is almost guaranteed to give middle-income earners the short end of the stick. the reason is, in order to raise enough money to reduce rates and cut the deficit, you would need to slash deductions and credits on a far greater scale than we did in 1986. middle income earners would not be scared. -- spared. because middle-income earners rely on these expenditures, the cost of losing that likely exit the benefit they would receive from a lower rate. multiple experts have verified this. the joint economic
according to the tax policy center, last year, the bush tax cut increased after-tax incomes for people making over $1 million by an average of 6.2%. that is about 120 to die now -- about $129,000 per household. the increase was only 2.2% for those earning $50,000. over time, our tax code has widened the nation's wealth gap. reversing this trend should be a top goal of tax reform. at a minimum, we certainly should not make the tax code and a less progressive than it would be if the high income...
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Oct 12, 2012
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. get america energy independent by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in...
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on the red cross, judges assassinated, -- a tax on the red cross, and the murder of four americans, including our ambassador to libya. just a few weeks before that, our embassy in libya said this to the department of state -- the security condition in libya remains unpredictable, volatile, and violet. mr. chairman, despite what would appear to any reasonably objective observer as an escalating pattern of violence, including sophistication, coordination, and management, this administration blamed the murder of our ambassador and three others on a video. don't take my word for it, let's look at what ambassador rice herself said -- our current assessment is that what happened in benghazi was "in fact, initially a spontaneous reaction." i don't know what the phrase "in fact" means in diplomatically please put in a courtroom, it means it's a fact. she went on national television and said not as this ambassador has said, i have to speculate and i to get all the information. she said it "in fact." this was a spontaneous reaction to what transpired, almost a copycat of the demonstrations ag
on the red cross, judges assassinated, -- a tax on the red cross, and the murder of four americans, including our ambassador to libya. just a few weeks before that, our embassy in libya said this to the department of state -- the security condition in libya remains unpredictable, volatile, and violet. mr. chairman, despite what would appear to any reasonably objective observer as an escalating pattern of violence, including sophistication, coordination, and management, this administration...
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Oct 8, 2012
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focusing tax cut on the middle class, not as linda mcmahon does by focusing tax cut on the affluent and the rich. my focus is reinvesting in the educational system, not the funding are most potent asset in the state. >> the next question is for mrs. mcmahon. >> is the public being well served by the quality of the nature of this campaign? yes, we're here today in a formal debate and you to our public going to answer a dozen questions. but both of you have failed a basic standard of transparency and access in this campaign. press conferences are few and far between, if at all. neither one of the performers the basic task of letting us know where you are from day today so we can simply listen to what you are telling voters. it is pretty basic stuff. your campaign, is your campaign serving the voters of connecticut? >> i am out every single day. i have traveled our state and visited a over 250 businesses. i've been over 160 living rooms around the state. i like to bring our message directly to the people of connecticut. i like the folks of connecticut to be able to look me in the eye and a
focusing tax cut on the middle class, not as linda mcmahon does by focusing tax cut on the affluent and the rich. my focus is reinvesting in the educational system, not the funding are most potent asset in the state. >> the next question is for mrs. mcmahon. >> is the public being well served by the quality of the nature of this campaign? yes, we're here today in a formal debate and you to our public going to answer a dozen questions. but both of you have failed a basic standard of...
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Oct 10, 2012
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according to the joint committee on taxation, we could save $2.5 billion per year just by eliminating the tax breaks for oil companies. even republicans now agree we should do this, including governor romney. we could fully replenished these embassy security accounts with just a fraction of that amount. restoring our commitment to embassy security could make a real difference to thousands of americans who serve our country overseas, often in extremely dangerous circumstances, as you just stated. i do agree with you that we should act with the utmost urgency. every single moment count. from this day forward, it's my hope that our committee will pearly investigate this matter in a truly bipartisan manner. because our dedicated foreign service personnel and our nation deserve nothing less. with that i yield. >> i thank the gentleman. i might note for the record that i said this side of the desk relative to all of those in the audience. >> mr. chairman, thank you very much. >> although you did not name a particular rule you say i violated -- >> we will provide you with that, but we want to get on
according to the joint committee on taxation, we could save $2.5 billion per year just by eliminating the tax breaks for oil companies. even republicans now agree we should do this, including governor romney. we could fully replenished these embassy security accounts with just a fraction of that amount. restoring our commitment to embassy security could make a real difference to thousands of americans who serve our country overseas, often in extremely dangerous circumstances, as you just...